Stuart Haxton Company

208  794-4950

 

stuart(at)onemodern.com

 

 

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Subdivision Value Professional

A Subdivision Appraisal Template, in Word & Excel

 

 

 

 

Subdivision Value professional

For the serious valuation professional!

by Stuart Haxton

 

 

 

 

Subdivision Appraisal Template - Residential Subdivision Lots

 

This subdivision appraisal template is for subdivision valuation purposes by appraisers, owners, developers, and others. These Word and Excel documents include narrative, analysis, comparisons, adjustments, cash flow, discounted cash flow analysis, cost approach, sales comparison approach, income approach and more. This is much more usable and sensible than other non-Excel and Word based subdivision appraisal software or templates. This is applicable to you if you are looking for: an example of a residential subdivision appraisal, subdivision appraisal methods, formats and templates, and more.

 

Here is a rare chance to easily add value to your appraisal business!

 

Now you can buy this actual subdivision appraisal template in Word and Excel working documents! This complete self-contained residential subdivision appraisal is intended to be an overwrite template for your next appraisal or investment analysis.

 

(Price $299)

 

This subdivision appraisal template is professional, complete, flexible and relevant! Only the specific property name/location in this appraisal is fictional. You get my appraisal documents in Word & Excel - modify however you like! Income, Cost and Sales Comparison Approaches.

 

This appraisal template, and respective research and data, is based on an appraisal done during a time preceeded by a long period of stable market growth stable (pre-bubble) in 2003.

 

 

"worth every penny" - buyer's response, appraiser

 

 

 

 

Subdivision Appraisal

 

Stuart Haxton Company has a large emphasis in appraising residential subdivisions.  He has appraised over 50 subdivisions in the Boise area. His experience, in-depth research, attention to detail and analysis of subdivisions is extensive.

 

 

This is a Complete Self-Contained Appraisal on a proposed, typical-designed residential subdivision.

This is the valuation of a phase of completed lots (not houses).

Income Approach, Cost Approach, & Sales Comparison Approaches.

 

 

 

 

 

 

 

 

 

 

 

 

This is the appraisal of a typical entry-level subdivision - for an excellent template. I personally guarantee that the quality, concise and relevant design of this appraisal - including format, data, analysis, and commentary - will exceed your expectations! A good appraisal should look good, make sense, and not leave good questions unanswered. My hard work shows.

 

It is surprising that I have found only one book on subdivision appraisal - available on the Appraisal Institute website - a very simple and general book. I have also searched for subdivision analysis' on websites and I have yet to find anything of substance. To my knowledge, what I am offering - my appraisal template stocked with detailed valuation methodology - is the only openly available work of substance on the appraisal of subdivisions.

 

Of course this appraisal is specifically tailored to my market area, but is easily modifiable to your market. For comparison, the Boise market data presents a good template because this market is generally typical. The market has been consistently in good balance, competitive, and had stable population growth. The Boise MSA has a population of 450,000. Boise is a steadily growing area and has quite efficient and stable real estate markets. 

 

 

 

Subdivision Value Professional

A Residential Subdivision Appraisal Template, in Word & Excel

Sample pages...

    Front Page.PDF

    Table of Contents.PDF

    Appraisal Summary.PDF

    Page 1 of Subdivision Description.PDF

    Page 2 of Residential Market.PDF

    Page 4 of Residential Market.PDF

    Cost Approach.PDF

    Income Approach DCF (not shown)

    Tax Worksheet applied to sold/remaining lots (not shown)

stuart(at)onemodern.com

 

 

This full subdivision appraisal report includes the Income Approach, Cost Approach, and Sales Comparison Approach including Subdivision Lot Sales, Taxe Payments, and Market Economic Analysis relevant to residential subdivisions. For the Cost Approach and Income Approach I include an analysis summary of Entrepreneurial Profit, based on results from my recent and in-depth study of the Boise market area.  See Research & Subdivision Principles by Stuart Haxton

For accurate analysis, I include all of the applicable Excel spreadsheets: Discounted Cash Flow Analysis, Cost breakdown, Subdivision Taxes - lots/land, Bulk sales of lots, Comparable Subdivisions, Pricing of Lots, Lot valuation by Allocation (a proven good method), Home Sale Statistical analysis for new and existing homes, Land Sales, and Land Sale Adjustments.

The Sales Comparison Approach for subdivisions analyzes single bulk sales of subdivision lots and phases.  This analysis of Comparable Bulk Sales is included.

 

To clarify, the subdivision product for sale here includes:

My actual Appraisal TEMPLATE with Full MS Word documents

& Excel spreadsheets! sent on cd or by e-mail

 

These documents and spreadsheets include all of my detailed NARRATIVE, calculations, property descriptions, methodology explanations, all approaches to value,  etc.

(specific property identity undisclosed for confidentiality purposes)

 

Note: the appraisals and economic analysis are, of course, specific to the Boise area (my market) and its market characteristics. But does analysis and methodology change much from market to market? - you will have be the judge of that. Of course every property is unique and each usually requires at least slight changes in valuation methodology.

 

 

 

 

I am offering my appraisal Word and Excel documents and spreadsheets which I have carefully and expertly designed and written over the years! These templates are intended for your personal or business real estate analysis and valuations.

 

Appraisers, owners, investors, developers...here is a rare chance get actual professional appraiser valuation documents for your use. These are usually very closely held by appraisal firms. I am offering my actual original real estate appraisals with only the specific property's identity undisclosed for confidentiality purposes. I have carefully and expertly designed and written these appraisal methods over the years.

 

 

 

 

 

Problem Subdivisions

 

This is a 2 page document of detailed discussions of 4 problem subdivisions. Short but invaluable to the developer that might make the same mistakes.

 

Price  $24

 

 

 

 

To purchase:

These documents are PC versions of Word 2000 and Excel 2000. They can be converted for use by older versions of the programs. Macintosh versions would require a conversion program.

 

 

After purchase - if you are not directed to a download site,

call and we will send by e-mail!

 

Purchase by Credit Card

 

 

    Subdivision Value      Price  $299     

 descripton below for this item!

  Problem Subdivisions   Price  $24     

e d

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escripton below for this item!

  Economic Analysis       Price  $19.95 

 

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Stuart Haxton Company

270 W. Parliament, Boise, ID

208 794-4950

(10am-9pm MST)

stuart(at)onemodern.com

 

 

 

Stuart Haxton Company is a commercial real estate market research and consulting firm located in Boise, Idaho. Stuart Haxton appraises residential subdivisions lots, land, office, retail, and more. His clients includes banks, investors, developers, owners and estates.

 

 

 

 

Disclaimer: My methodologies and analysis' are applicable to my local market and not necessarily to other markets. Appraisals need to be specifically tailored to appropriate local market data and methodologies. Also, I am not  responsible for the buyer’s/user’s lack of knowledge of  MS Word or Excel software programs. Documents are not guaranteed to be USPAP compliant.

 

All documents I sell here are copyright protected – not available for use or resale of copies outside the buyer's business entity (unless they are substantially altered). One purchased copy can be copied and used by multiple users within the business entity - up to 4 analyst/author-type users. I reserve the right to not sell to any party.

 

Stuart Haxton is a real estate appraiser and has spent much time and expertise on subdivision appraisals. His methods of valuing this specific real estate type - was so extensive he decided to let others benefit by using his writings, calculations and report formats. You can benefit from the time you will save writing and learning the full analytical process and proper techniques. If you are a buyer or seller or analyst, these appraisal documents may be too detailed. But you can refine them as you like - since Word and Excel are excellent for this kind of flexibility. Of course every property and market is unique and must be analyzed as such. Analysis' from property to property always require at least minor modifications from analysis to analysis; you will have to make appropriate property specific and market specific changes to these reports as applicable.

 

 

 

Individuals • Companies • USA • International

| Copyright © 2003 | All Rights Reserved |

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Economic Analysis Template a U.S. & Local Economy presentation

 

 

 

 

This is an excellent 15-page analysis presentation of the U.S. Economy and a Local Metropolitan Area.

 

Comprehensive & relevant economic indicator statistics, detailed and footnoted

You get original MS Word and Excel documents!

This Economic Analysis is a comprehensive, concise and very usable report. Along with relevant commentary, it includes Excel charts to present Population Growth, Per Capita Personal Income, Interest Rates, Inflation, Top Employers, Employment and Unemployment. In addition, one Excel chart shows population and employment relative to new home sales over time.

 

 

See more ... Economic Analysis Template, Word & Excel

Price  only $19.95

 

 

 

 

Individuals • Companies • USA • International

| Copyright © 2008 | All Rights Reserved |

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boise Subdivision Research

An example market: the Boise Idaho market

during the stable growth period analyzed 1998 to 2004

by Stuart Haxton

 

 

• Problem Subdivisions
Boise area subdivisions that were not feasible, marketed wrong, or designed wrong. (Problem Subdivisions document)

• Subdivision Market Analysis
An example analysis of the market for subdivision lots utilizing home sales and listings within a subdivision’s sub-market utilizing the sales of homes in various price ranges, average marketing times, and a Supply & Demand and Price Trending analysis’. (included in Subdivision Appraisal document)

•  Relevant Economic Indicators
Boise MSA, Boise, Ada County, Nampa, and Canyon County: numbers and growth of POPULATION, INCOME, INTEREST RATES, INFLATION, EMPLOYMENT, EMPLOYMENT DIVERSIFICATION, UNEMPLOYMENT, NEW HOME SALES, and NATIONAL & WESTERN HOME STARTS. Including graphs depicting how these figures are interrelated. (included in Economic Analysis document)

• Subdivision Bulk-Sales Analysis
Ideally, the sales of entire subdivision phases or bulk lot sales are the best measure to appraise a subdivision. Of course, these happen seldomly. When these sales are few or less comparable, they must be analyzed carefully. (included in Subdivision Appraisal document)

• Survey of Subdivision Developers
The most difficult to obtain components of subdivision appraisals are presented including: developer’s current and forward-looking expectations of market conditions; profit requirements; opinions of bulk purchase/sell discounts appropriate in a typical market; and developer costs such as management, insurance, and legal cost components. (not for sale)

• Subdivision Profit Report
An in-depth study of the profits that subdivision developers make. To an appraiser this study reveals the correct amounts of profit incentive for the Cost and Income Approaches to value. (not for sale)

• Subdivision Line Item Costs
Detailed comparables of subdivision cost line items.

 

 

Some Subdivision Principles

for the Boise Idaho Market

by Stuart Haxton

   Developing residential subdivision lots requires a substantial amount of money and a good knowledge of costs and market dynamics. A typical entry-level subdivision of 35 lots may cost $1m to develop, approximately 70% of which can be borrowed. On top of this $1m is about 15% more cost to sell the lots (loan interest, taxes, management, r.e. commissions, etc.) .

  Few people have a competent knowledge of the market for subdivisions - basically only a limited number of good subdivision developers and real estate appraisers who specialize in subdivisions.

   The market for subdivision land and lots is fairly efficient.

   In general, if you pay market value for land, you need to sell your finished lots at a rate of 2.0 to 3.5 per month for your subdivision to be feasible. If you are not selling lots at this rate your problems are likely: 1) lots are priced to high (or too low if they are selling faster), 2) subdivision location or design is not good, 3) the homes are designed wrong causing a decreased marketability of remaining subdivision lots.

   If you want to develop a new type of subdivision lot or a new type of house within your subdivision – designs that are non-existent or rare in the market – you should be very careful. Respect the market, because there is probably a good reason it is not being done. The reason: lack of demand.

   Many of the larger developers buy land 1 to 4 years in advance of development. Most of this land is not offered for sale so developers have to solicit land owners. Consequently, land owners may not maximize their prices (since their land is not properly priced or marketed).

   Cities commonly cause home prices to increase for all home buyers because of their restrictive zoning codes and requirements that do not let developers build what buyers actually want. This is an especially undue hardship to lower-income home buyers. Buyers don’t necessarily want larger lots, detached homes, and overbuilt parks and road improvements. 

  “Bubbles” in housing markets occur when home prices increase beyond what the local job market can support or sustain. Buying a home is not always a good investment, especially in a high-priced, overzealous market.

 

 

 

 

| Copyright © 2012 | All Rights Reserved |